International Conference "Motor insurance in South Eastern Europe: Cross-border problems and solutions"

The International Conference "Motor insurance in South Eastern Europe: Cross-border problems and solutions" represents a platform for discussion of current cross-border issues in the motor segment in both Romania and Bulgaria - realities and perspectives.

The motor insurance segment holds a significant share in these two markets and represents an important source of income for the entire profile industry. In 2010, the motor insurance segment in Bulgaria owned 71.2% of total underwritings, while in Romania - 60.5% of underwritings.

Meanwhile, one of the biggest problems faced by insurers in Bulgaria and Romania on this segment is the high share of claims costs. In Bulgaria, in 2010, motor insurance generated 83.1% of total claims, while in Romania it represented 74% of amounts paid by insurers. This is where the main threat derives from - the strong influence that motor industry has over the whole non-life insurance segment.

Therefore, the International Conference "Motor insurance in South Eastern Europe: Cross-border problems and solutions" will be the framework where representatives of the supervisory authorities of the two markets, insurers, brokers and other institutions involved, leasing companies, repair shops and loss adjusters will debate current problems and will try to identify the best solutions to cope with difficult economic times.

On April 1, 2019, Alexander ZARETSKI will step down from his presidency of METLIFE. According to the Company's Board of Directors, this decision was made for personal reasons. Gheorghe DIMITRU will take over as president, ASN wrote.

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